JETNET Releases June 2013 and First Six Months of 2013 Pre-Owned Business Jet, Business Turboprop, Helicopter and Commercial Airliner Market Information
Utica, NY (PRWEB) August 02, 2013 -- JETNET LLC, the leading provider of corporate aviation information, reports that business jet average asking prices have shown two months of increases.
Comparing June 2012 to June 2013, “Fleet For Sale” percentages for business jet and business turboprop market sectors were down, but stayed the same or increased slightly in the helicopter markets.
Business jets are showing a slow start in the first six months of 2013 with a 7.8% decrease in pre-owned sale transactions, and are taking more time to sell (28 days) than last year, with a 4.2% increase in average asking price. This is the second consecutive month this year with an increase in the YTD average asking price. Business turboprops decreased 7.5% in sale transactions, with a double-digit increase in asking price of 14.4%.
Both turbine and piston helicopters saw double-digit declines in sale transactions YTD at 19% and 20.1%, respectively. Turbine helicopters recorded a double-digit decrease in average asking price, at 26.9% in the YTD comparisons through June 2013.
JETNET reports that commercial turboprop YTD sale transactions are significantly lower this June, at 283.
Pre-owned Turbine Helicopter Market
In the first six months of 2013, the total pre-owned turbine helicopter market is down by 19% compared to the same period in 2012. Eurocopter and Bell have the most pre-owned sale transactions of all the OEMs, and all manufacturers are showing decreases in transactions in the first half of 2013 compared to 2012. Sikorsky is showing the largest percentage decline at 51.2%.
U.S. Economy Gross Domestic Product, 1st quarter 2013 (third estimate)
Real gross domestic product—the output of goods and services produced by labor and property located in the United States—increased at an annual rate of 1.7% in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the “advance" estimate released by the Bureau of Economic Analysis (see chart below). The BEA release showed the economy has now grown for the 16th straight quarter (4 years). In the first quarter, real GDP increased 1.1 percent (revised).
The economic growth as measured by domestic GDP is good news, but the level is well below the 3.0% growth that is needed for business aviation to do well.
Since 1988, JETNET has delivered the most comprehensive and reliable business aircraft research to its exclusive clientele of aviation professionals worldwide. JETNET is the ultimate source for information and intelligence on the worldwide business, commercial, and helicopter aircraft fleet and marketplace, comprised of some 100,000 airframes. Headquartered in its state-of-the-art facility in Utica, NY, JETNET offers comprehensive user-friendly aircraft data via real-time internet access or regular updates.
Paul Cardarelli, JETNET, LLC, http://jetnet.com, 800-553-8638, [email protected]
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